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Why use real and hypothetical payoffs?

Published online by Cambridge University Press:  06 November 2001

Anton Kühberger
Anton Kühberger
Affiliation:
Department of Psychology, University of Salzburg, A-5020 Salzburg, Austriaanton.kuehberger@sbg.ac.at www.sbg.ac.at/psy/people/kuehberger.html
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Abstract

Decision making can be studied using hypothetical payoffs because it is hypothetical to its very core. However, the core process can be influenced by contextual features. As there is no theory for these contextual features, a “do-it-both-ways” rule amounts to a waste of money. If we had such a theory, doing it both ways would be unnecessary.

Type
Brief Report
Information
Behavioral and Brain Sciences , Volume 24 , Issue 3 , June 2001 , pp. 419 - 420
Copyright
© 2001 Cambridge University Press

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